Keyera Corp. to Issue Monthly Dividend of $0.16 (TSE:KEY)

Keyera Corp. (TSE:KEY – Get Rating) declared a monthly dividend on Friday, April 22nd, TickerTech reports. Shareholders of record on Monday, May 16th will be given a dividend of 0.16 per share on Monday, May 16th. This represents a $1.92 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend is Friday, April 22nd.

TSE:KEY opened at C$34.00 on Wednesday. The firm has a market cap of C$7.51 billion and a price-to-earnings ratio of 23.18. The company has a debt-to-equity ratio of 139.14, a quick ratio of 0.84 and a current ratio of 1.20. The firm’s 50-day simple moving average is C$30.93 and its 200 day simple moving average is C$30.15. Keyera has a 52 week low of C$25.41 and a 52 week high of C$35.75.

Keyera (TSE:KEY – Get Rating) last issued its earnings results on Wednesday, February 16th. The company reported C$0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.52 by C$0.24. The business had revenue of C$1.74 billion for the quarter. Sell-side analysts anticipate that Keyera will post 2.1480991 EPS for the current year.

KEY has been the subject of several recent analyst reports. Scotiabank raised their price objective on shares of Keyera from C$37.00 to C$38.00 in a research report on Tuesday. Credit Suisse Group raised their price target on shares of Keyera to C$40.50 and gave the company an “outperform” rating in a research report on Monday, April 11th. BMO Capital Markets lifted their price objective on shares of Keyera from C$31.00 to C$32.00 in a report on Thursday, February 17th. CIBC lifted their target price on shares of Keyera from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 30th. Finally, TD Securities boosted their price target on shares of Keyera from C$36.00 to C$37.00 and gave the stock a “buy” rating in a report on Wednesday, March 30th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$35.28.

About Keyera (Get Rating)

Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides condensate handling services.

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